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and run the math, if you take the 800 billion in revenue that speaker boehner has offered, the 1.6 trillion the white house wants, you split the difference 1.2. if you split the difference on the cuts, you get to 450, 500 billion. numbers that folks on both sides think is feasible in the realm of a large deal. i spoke to a senior republican senator earlier today, and he said, look. we understand that at some point we have to move away from the tax issue and run that out to provide cover with the base. if we could get something back from the president, whether it be something in the lines of a cost of living adjustment for social security, meaningful entitlement cuts and a promise of tax reform in the 2013 year, something tangible to bring back to the house republican conference that speaker boehner could do that, then we feel that possibly we could have a deal where the 250 or above would go up. there's another side of the republican conference that says, no. republicans based their entire political existence in the last 20 years not to allow taxes to go up. not under any means w
of the boehner-led republican team. what about basketball you say? we go to charlotte last night, and the knicks treasury secretary, carmelo anthony, top paid and big star got hurt in this dive and had to leave the game. then the at the end it came down to this. >> looking for felton and finds smith. two seconds, one second. smith for the win. >> game over. no overtime. deal, end game, done. is this meaningless nba game in charlotte lead us to how the fiscal fiesta ends? we have a man who we think knows the answer, the king of the last word here on msnbc and all seeing of things in washington, the great one and only lawrence o'donnell. lawrence, thank you for joining us. this is very early in the day for you. >> this is earlier than i normally wake up in the day. see, i do very late night tv show. >> i'm familiar with it. >> you've been there once in a while. don't expect much from me at this hour. >> all right. way to set the barlow. very smart strategy there. >> no. i have a strategy for doing this show. without a second of homework, okay? >> you told me that. >> i have no idea what's happenin
krystal, it appears it's obama and boehner one on one. there's no i in team but there's one in win, which is why the fiscal slope negotiations are getting serious. we haven't heard yet from the president but have heard from speaker boehner. >> this isn't a progress report, because there's no progress to report. the white house has wasted another week. it's time for the president, if he's serious, to come back to us with a counteroffer. >> to further explain the nature here, we welcome you to movie metaphor club. today we clinic the fiscal slope talks to a seen from the sublime 1994 film "pulp fiction." in this diner theme we have samuel jackson's jewels in a tense tango by two small timers. >> nobody is going to hurt anybody. we're going to be like three little fonzis here. what's he like, yolanda? >> cool. >> what? >> cool. >> correct. thats what we're going to be. we're going to be cool. >> that's great. >> this is the financial whatever you want to call it in a nut shell. obama is jewels, boehner is pumpkin and the tea party is yolanda. they're locked in a tense standoff so potentially
boehner and along with the rest of the leadership has presented an offer to the white house in a letter sent today based off something boles said to the supercommittee last year. you see the offer on the screen. 800 billion through tax reform, 600 billion in health savings, 300 billion in mandatory savings, 300 billion further discretionary savings. it nets to a total of $2.2 trillion in savings. what does it mean? in the letter we know the sticking point is the tax rates. the speaker says, quote, notably the new revenue in the boles plan would not be achieved through higher tax rates, which we continue to oppose and will not agree in order to protect small businesses and our economy. instead new revenue would be generated through pro-growth tax reforms that closes special interest loopholes and deductions while lowering rates. you see in this latest proposal while they offer up pour savings by saying, look, we can tax the rich people through the $800 billion figure. we can find more savings in entitlements reforms and more savings in discretionary spending more so than the budget contr
of this move? should we make a lot out of it? cantor and boehner saying we don't have anything to vote on and going to go home and why do we have to sit here and wait to vote? is this more as krystal said kabuki theater, bad optics, a maneuver of political warfare? >> yeah. this is -- look, this is the gamesmanship we see when there's standoffs. i won't come to you. you come to me. boehn boehner's position is we've given you our plan and now for you, mr. president, to come back with what you're willing to do and probably not in a way we're aware of and sutd l calls between, you know, negotiators for the president and the congressionalรง republicans. whether the out ho house is in session only matters with a deal and manager to vote on. look. just because things are bogged down and in the standoff mode right now doesn't mean all is lost. it just means we don't know for sure that any progress is being made. >> there's another item here that i cannot let the segment end without addressing. critical both for us and the country. let's take a look. >> stop insta-gramming your breakfast and
Search Results 0 to 5 of about 6 (some duplicates have been removed)